2) After clicking the pencil icon and editing a bookmark, and then attempting to "Save"... the Save link is not active.

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Internal case CPANEL-9369 is open to address an issue where editing a bookmark in Horde results in a 404 error. I'll update this thread with more information on the status of this case as it becomes available.

However there is NO link for the trash can... so either delete.php or maybe remove.php is missing in the trean folder... is that correct?

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Internal case CPANEL-2855 was previously opened to report this issue. It was determined that this functionality requires support for URL rewriting, which cpsrvd does not support at this time. It's possible the other issues reported on this thread are related to this case, but I'll update this thread with the outcome of the case/support ticket.